hoohoogrub,
Not sure why you think it is 70% above 2007 prices after a 30% cut as the increase was around 85% last year! If you receive a 100% increase one year and lose 50% the next you are back to where you started. If the IO prices drop by 42% then we are back to 2007 prices.
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iron ore contract prices will fall 30% , page-4
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